Prasol Chemicals Mobilises Rs 150 Cr From Anchor Investors Ahead of IPO

Prasol Chemicals IPO Day 1: Issue opens today. Here's GMP, review - apply or not?

The shares of Prasol Chemicals are trading at a grey market premium (GMP) of ₹55 today, suggesting a potential listing gain of nearly 8% over the upper end of the IPO price band.

Prasol Chemicals mobilises Rs 150 cr from anchor investors ahead of IPO

Prasol Chemicals has raised nearly Rs 150 crore from anchor investors ahead of its Rs 500-crore IPO, which opens on September 8. The speciality chemicals maker allocated shares at Rs 676 each to investors including Tata Mutual Fund, Kotak Mahindra Mutual Fund and Aditya Birla Sun Life Insurance.

Prasol Chemicals IPO opens tomorrow at ₹643-676 price band, brokerages recommend subscribing for long-term

The IPO comprises a fresh issue of equity shares worth up to ₹80 crore and an offer for sale of shares worth up to ₹420 crore by selling shareholders

Prasol Chemicals IPO Day 1: Check Subscription Status, GMP, Other Key Details

Prasol Chemicals IPO was subscribed 0.05 times as 10:15 a.m. on Tuesday. The price band for Prasol Chemicals IPO is set between Rs 643 and Rs 676 per share.